Dollar Appreciation and India Subject: Economy Context: The US Dollar Index, which measures the greenback’s exchange rate against six major global currencies, recently surpassed its 20-year high and is currently trading at over 105. Causes: Rise in Federal rate of interest-When inflation rises, interest rates in an economy generally catch up leading to […]
RBI measures to increase forex Subject: Economy Context: In the backdrop of global uncertainty and the continuing weakness of the rupee against the US dollar, the Reserve Bank of India on Wednesday unleashed a slew of measures to boost forex inflows. Details: The measures aimed at capital inflows and thus, increasing the forex […]
Just Stop Oil Subject: Environment Context: Unique way of protest Just Stop Oil: Launched earlier this year, Just Stop Oil describes itself as “a coalition of groups working together to ensure the government commits to halting new fossil fuel licensing and production”. Led by organisers from climate groups Extinction Rebellion and Insulate Britain […]
Protecting Our Planet Subject: Environment It is an initiative by 9 philanthropic organizations who have collectively pledged $5 billion over ten years in support of the creation, expansion, management, and monitoring of protected and conserved areas of land, inland water, and sea. It will fund High Ambition Coalition for Nature and People (HAC) […]
How Omicron evades antibodies in vaccinated and unvaccinated people Context: The current wave of Covid-19 highlights a high risk of reinfection by the Omicron variant of SARS-CoV-2. Omicron Variant: The Omicron variant(B.1.1.529) is a variant of SARS-CoV-2 (the virus that causes COVID-19) that was first reported to the World Health Organization (WHO) from South Africa Omicron multiplies around 70 times […]
A short history of the demand for ‘Dravida Nadu’, its evolution Subject: History Section: Modern Context: DMK MP A Raja recently brought back into focus ‘Dravida Nadu’ or the idea of a separate Tamil Nadu, in the presence of CM MK Stalin The demand for Dravida Nadu The early 20th century agitations against […]
EU’s sustainable finance taxonomy to brand gas and nuclear plants as ‘green’ Subject: Environment Section: Climate Change Context: EU has recently agreed to label investments in some gas and nuclear power plants as environment-friendly. What is EU taxonomy? It is a classification system, establishing a list of environmentally sustainable economic activities. It could […]
Why are temperatures within a city’s neighbourhoods different? Subject: Geography Section: Climate Urban heat islands or UHIs are metropolitan areas that are significantly warmer than the surrounding rural areas. Causes of Urban Heat Island Effect Disappearing green and blue spaces ( Vegetation and water bodies):the loss of tree cover in cities allows much […]
ED seeks to declare Devas Multimedia CEO fugitive economic offender in PMLA case Subject: Economy Context: The Enforcement Directorate (ED) has sought permission from a special court in Bengaluru to declare the US-based founder and CEO of the now liquidated start-up firm Devas Multimedia Private Limited a fugitive economic offender. Concept: Fugitive Economic […]